Demonetisation: Families can now withdraw upto Rs 2.5 lakh for weddings

 BT Online   New Delhi     Last Updated: November 17, 2016  | 12:14 IST
Demonetisation: Families can now withdraw upto Rs 2.5 lakh for weddings
[Photo: Reuters]

The government on Thursday allowed families to withdraw up to Rs 2.5 lakh from one account for the purpose of weddings. 

After demonetisation, many families were left with worthless currencies as they had already withdrawn the cash before the announcement.

According to some reports, some people had also requested the government for some relaxations for the families where weddings are due.

The government has also reduced the limit to exchange old currency notes from Rs 4,500 to Rs 2,000 in a bid to ease the cash crunch faced by the banks.
 
To ensure sowing in rabi season, the government has permitted farmers to withdraw Rs 25,000 a week against crop loan/kissan credit card, said Shaktikanta Das, Economic Affairs Secretary.

Farmers can also withdraw Rs 25,000 per week in the form of cheque or RTGS from payment that they receive from sale of agricultural produce.
 
"Traders in agricultural mandis are permitted to draw Rs 50,000 in cash per week to pay for sundry expenses like wages," he added.

 

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